Connect with us
DOWNLOAD THE ABNTV NEWS MOBILE APP
Now Available On:

Abia News

IGR: We are targeting 1bn Naira Monthly – Abia Government

Published

on

Abia State government says it is targeting N1 billion monthly revenue from internal sources, as it has plugged all leakages in the system, Udochukwu Ogbonna, executive chairman, Abia State Internal Revenue Service (IRS), says.

Ogbonna in an interaction with journalists in Umuhia explained that the ban on the use of agents for revenue collection was to guide against touting as well as ensure that all monies collected go into government purse for developmental purposes.

He warned ministries, agencies and local government authorities from using agents to collect revenues and levies.

This move, according to Ogbonna, will also eliminate over taxing of citizens and check activities of fraudulent individuals, who pose as government officials to collect levies and taxes, from innocent citizens, without remitting same to government treasury.

“It will also improve ease of doing business and encourage fresh investors into the state,” he said.

To stop illegal tax collectors, the state government said it had set up a monitoring committee to apprehend individuals that disguise as government officials to defraud innocent citizens, especially in Aba, the state’s commercial hub.

READ ALSO:   Only Abia IRS officials permitted to collect revenue in the state - Gov. Ikpeazu warns

Ude Oko Chukwu, the state’s deputy governor, who revealed this at the third Abia Small and Medium Enterprises Forum, held in Aba recently, explained that the committee was working secretly to identify the cartel with the view to eradicating multiple taxation in the state.

He stated that legal levies and taxes payable in Abia, would henceforth come in two demand notices and urged residents to report individuals or groups, who may want to impose other levies or taxes on them for arrest.

A research conducted by the Manufacturers Association of Nigeria (MAN) in collaboration with the Centre for International Private Enterprise (CIPE), one of the four core institutes of the National Endowment for Democracy and a non-profit affiliate of the US Chamber of Commerce, attributed the stunted growth in the nation’s economy to negative factors, among which is uncoordinated tax administration, commonly referred to as multiple taxation.

READ ALSO:   Family Of Man Who Died In Police Custody In Abia, Demands Justice

According to the report, real sector contribution in the nation’s gross domestic product (GDP) declined significantly from 9.5 percent in 1975 to 6.65 percent in 1995, 3.42 percent in 2005 and with a marginal increase to 4.21 percent in 2010.

Similarly, manufacturing capacity utilization declined rapidly from 70.1 percent in 1980 to 29.29 percent in 1995. While 52.78 percent was recorded in 2005, but declined to 46.44 percent in 2010.

DISCLAIMER:Opinion articles are solely the responsibility of the author and does not necessarily reflect the views of the publishers of ABN TV

For publication of your news content, articles, videos or any other news worthy materials, please send to [email protected]

For Advert and other info, you can call 07013559600 or send a WhatsApp Message to 07013559600

Please drop your comments below

comments

Advertisement
Advertisement
Advertisement

Trending